A professional video poker player won a $5,000 drawing at my local casino. It’s so unfair that the professionals are allowed to compete with the regular players. Don't these people who make their living in the casino have an unfair advantage over the rest of us?
[Editor's Note: For this answer, we went directly to a professional video poker player. We're not identifying him, but from his distinctive voice, broad perspective, deep insight, and vast experience, plus the reference to $1 million, some of you can probably figure out who he is.]
In the interest of full disclosure, I'm a professional player who has won considerably more than $1 million by collecting money in several hundred casino drawings over the last 30 years. There were some automobiles and other goodies in that mix as well. This, obviously, affects my perspective in this matter.
Casinos don't hold drawings for the benefit of players. They hold the drawings for the benefit of the casinos. The strategy of such a casino is to generate more revenue from players trying to win the drawings than they pay out in the drawing itself.
Each casino creates its own rules. Some are based on coin-in. Period. This benefits bigger players, professional or not. A player pounding $25 machines will generate considerably more tickets than a nickel player. While casinos feed you the hogwash that it takes only one ticket to win and technically that’s accurate, I like the chances of a player with 50,000 tickets in the drum more than the player with three.
Some casinos limit each player to 100 (or any other number) tickets per day. Some casinos give everyone 50 tickets a day just for showing up and swiping their card. Some casinos give slot players more tickets per dollar coin-in than they give video poker players. Some give fewer drawing tickets on loose machines than they do on tight machines. Each of these rules has the effect of leveling the playing field a bit.
Some casinos offer multiple tickets on Tuesdays. Or between midnight and 6 a.m. Sometimes on the same day as multiple points. Sometimes on different days. Sometimes various machines “overpay” tickets. Some casinos allow you to earn tickets for three different drawings simultaneously -- perhaps a senior drawing, a weekly drawing on Friday, and a monthly drawing on the last Saturday of the month.
Some casinos have a “must be there to win” policy. Some give you until midnight to collect. Some notify you by phone if you won. These policies affect how many casino drawings you can compete in simultaneously.
Some casinos restrict players who have won too many drawings or too much in too many drawings. (Smart players back off for a while after they win. They might resume competing in six months or so.)
Each marketing department creates its own rules and they can come up with an infinity of them. Each casino tends to keep the same basic rules month to month after getting burned when they first created the rules. With numerous exceptions, marketing people tend to be right brained and the best players tend to be left brained and when it comes to winning in casinos, a left-brain perspective is more profitable.
Each player needs to decide which drawings, if any, to enter. If you’re an hour-a-week nickel player, you’re basically wasting your time trying to win any drawing. Yes, you can occasionally win, but you’re going to have to show up and lose dozens and possibly hundreds of times between your wins. How much is your time worth? How many times are you willing to lose and keep coming back?
Bigger players, professional and otherwise, have their own choices to make. Does this set of rules favor players like you? Can you take advantage of the multiple-ticket-earning periods? Have you won there recently enough that staying away another month or three might make sense? Many of the answers to these questions are “best guesses.” Experienced players learn to guess better.
Will Las Vegas ever return to offering deals/discounts LVA has a nice booklet Yet everything else is sky high. Headliners charge way beyond what a middle class person A nice meal couple hundred I travel with my son who has diamond status With Caesars So that’s been good So Thank You LVA for what you do Yet sure would like Other venues to follow like Groupon Can affords